At the risk of sounding like a HEXO spokes person
Does anyone feel that SSL should be the person to lead this company at this time? Congrats to him for what he has accomplished. Like him or not he has done a lot within the cannabis sector and has played a vital role in constructing what is Canadas largest and ought to be profitable (in short order) cannabis company. With his previous experiences respectfully being what they are (auto parts distribution) and from where this company is at; should he be the one to run it? I have nothing against him but am good with the change at this time. Would have preferred a clean hand off but meh it is better than procrastination. Main thing is unanimous support for the move was there.
My reasons for being positive and averaging down:
1- Synergies from bringing Zena, 48N, Redecan and Hexo together
2- Redecan into QC in due time was my belief - Trent indicated such
3- Patents for manufacturing of Redecan Redees
4- Diversified products and/or cheaper production of products - eg: pre-roll joints are labour intensive. Redees are not. Huge production savings within an ever growing market segment.
5- Original Stash Klik pen more varieties likely coming or technology will be used under the other brands. Not many oil distillates out there. Most are wax, shatter, live resin and the likes. Uncut THC oil is uncrowded to say the least. Very convenient product.
6- XMGs are great. Clean no burnout happiness in a can. Screw redbull give me XMG! Advertising laws are brutal. Due time.... Market share is growing now over 52% for a reason. Most THC bevs are gross. XMG is tasty.
7- Legal cannabis market continues to grow and ought to do such.
Considering the above vs losses of Zena, 48N, HEXO - Green days are coming for this company in due time. With the size of this company and with everything that is at stake do we want SSL at the helm? Or did they find someone (as mentioned they are in conversations with someone) whom can take this company and truly capitalize on the potential at hand? Was it really the letter that did this or was there more at play? Im good with this move at this time. Happy to be long and to have averaged down. Will sell some in the future on an upswing but no rush. To many proverbial stars are aligned on HEXO. Worst case, I agree with Q, is if we get a bully bid from larger company. More of a reason to average down vs getting caught with your pants down.